The Coin Collector

Greetings
from Pave

We want to make you a special
offer in this issue of the Coin Collec¬
tor. Recently
we have inaugu¬
rated our new¬
est “Coin
Club,” the Gold
Type Set Club,
and we want to
invite you to
join.

Currently,
the price of
gold bullion is
quite low. At
the same time, numismatic interest in
gold coins is very high and is increasing
almost daily as more people discover
the excitement of owning such pieces.
Widespread publicity given to the dis¬
persal of certain “treasure gold” coins
from the S.S. Brotherjonathan (sunk on
July 30, 1865) and the S.S. Central
America (sunk on September 12,1 857)
has brought even more faces into the
field. Of course, we never needed any
incentive to get excited about gold
coins. They have been a specialty here
at Bowers and Merena for many years
and we have handled many famous
United States gold rarities as well as
more common issues.

Beginning with a major design
change to the Classic Head in 1834,
and continuing until the last issuance of
gold coins for circulation in the United
States in 1933, 21 major design types
have been produced. To facilitate col¬
lecting these, we have established the
Bowers and Merena Gold Type Set
Club. In this way you can acquire certi¬
fied coins that, beyond grading num¬
bers, have been hand selected for at¬
tractive visual appearance and quality,
offered in grades to suit your taste and
budget— from attractive EF and AU to
choice and gem Mint State.

In this issue of The Coin Collector,
we outline how you can be a part of
this exciting new venture. See page
two to learn howtheclubworks.Then
on the following pages you will find a
description of each of the 21 design
types that will be included in your
collection, with a photograph repre¬
sentative of the type. On pages 7 and
8 you will find our inventory of gold
coins. Interspersed are some interest¬
ing little features, and on the back
page, some gold coin books available
to you at special discount prices.

We hope that you take advantage
of this great new club and we look
forward to hearing from you soon.

Sincerely,

<2~<-

Dave Bowers

June 12, 2000 CC Issue #90
Bowers and Merena Galleries Wolfeboro, NH - 800-222-5993

A Collector’s Universe “ Company

®2000 Bowers and Merena Galleries

ISSN 1073-9580
$3

United States Gold Coins!

by Q. David Bowers

The following is excerpted and slightly re¬
vised from Dave Bowers’ classic reference
United Stated Gold Coins: An Illustrated History.

Gold! The elusive precious yellow sub¬
stance has fired the imagination of mankind for
centuries. Jason and his Argonauts sailed in
quest of the Golden Fleece. “And with the
ever-circling years comes round the age of
gold,” the carol goes. Indeed, the high point in
any environment, discipline, or culture is usu¬
ally characterized as “the golden age.” And no
better code of conduct has been devised than
the Golden Rule.

Gold has formed the subject for countless
volumes and narratives ranging from journals
of world discovery to exhortations to amass as
much gold as possible in anticipation of
doomsday.

As a glance at Bartlett’s Familiar Quotations
will easily verify, literature from the Bible
down to the present day is strewn with innu¬
merable references to the metal. Shakespeare
referred to gold many times, noting, for ex¬
ample that “The meat which made Caesar
great was gold,” and “Gold is the strength and
sinews of the world.” From Edgar Allen Poe’s
The Gold Bug to the 20th-century Hardy Boys’
adventure Hunting for Hidden Gold, the quest for
buried treasure has fascinated youths and adults
alike who dream of chests full of gleaming
golden doubloons or double eagles awaiting
discovery.

Indeed, the romantic and historical conno¬
tations of gold are unparalleled. So, it is perhaps
natural that numismatists with the means to do
so often gravitate toward collecting gold dol¬
lars, half eagle, double eagles, or some other
gold specialty, realizing that these coins at once
embody history and financial treasure.

While gold coins of ancient Greece and
Rome, medieval times, and world issues of the

past several centuries are highly de¬
sired by numismatists, we focus
on regular gold issues made
under the aegis of the
United States Mint. By
1792 when the Philadel¬
phia Mint was established,
gold coins were already an
important part of the channels
of American commerce. Al¬
though gold coins ofEngland,

France, Holland, and other
countries circulated at varying
rates, the best known gold
coin in circulation in the fledg¬
ling nation was the Spanish dou¬
bloon, produced by various mints
in the Spanish empire of Central
and South America. Used over a
period of many years, the massive
doubloons or eight-escudo pieces
became part of pirate legend and
folklore. In fact, these doubloons and

other foreign issues remained legal tender in
the United States through 1857, well over a
half century after the United States began issu¬
ing its own coins.

The first Philadelphia Mint gold issues, $5
half eagles and $10 eagles, were produced in

1795, followed by $2.50 quarter eagles in

1796. At the time there was no native gold
mining industry and supplies of the precious
metal were obtained from outside the country.
This was to change drastically in the first half of
the 19th century.

The first significant discoveries of gold in
United States territory to be commercially ex¬
ploited were made in Georgia and North
Carolina. By 1 830 mines in this area were
supplying the majority of native metal used
in United States gold coinage for a period
of many years. The success of private
minters in this area led to the opening
of United States branch mints at
Dahlonega, Georgia, and Charlotte,
North Carolina in 1838. Commercial
gold mining continued in the area for
many years, with the branch mints operating
until the Civil War forced their closure in
1861 (by which time, most readily acces¬
sible deposits had been exhausted).

Of all events in United States history,
the California Gold Rush (sparked by
the discovery of gold in the race of
Sutter’s Mill on the American River in
1848) is one of the most signifi¬
cant and romantic and set the
stage for the westward ex¬
pansion which would even¬
tually define the boundaries
of the United States as we
know them today. People
flocked to California to seek
their fortunes and much of the
(continued on page 5)

PRESORTED STANDARD
U.S. POSTAGE
PAID

PERMIT NO. 1
DANVILLE, NH 03819

Bowers and Merena

Box 1224

Wolfeboro, NH 03894

2

The Coin Collector M' June 12, 2000

Bowers and Merena Gold Type Set

1834-1933 Designs

21 Different Classic American Gold Coins

Gold coins are interesting and
exciting to own! In today’s mar¬
ket, the price of gold bullion is
much lower than it has been in the
past, opening up the possibility to
buy many varieties of rare gold
coins at lower prices than might
otherwise be possible.

For the past two years Bowers
and Merena staff members have
been immersed in the study and
appreciation of gold coins,
through the offering at auction
of the incomparable Harry W.
Bass, Jr., Collection, the bring¬
ing to market of treasure coins
from the sunken ships S.S.
Brother Jonathan and S.S. Central
America, and the research and
study attendant to the forthcom¬
ing multi-volume suite of books,
United States Gold Coins: A Com¬
prehensive Encyclopedia for the Nu¬
mismatist, anticipated to be pub¬
lished in 2001 or 2002.

It is amazing to consider that a
set of the major design types of
United States gold coins from the
dollar to the $20 double eagle,
from the beginning of the Classic
Head series in 1834 to the end of
gold production in 1933, is afford¬
able for just about every serious
collector. To be sure, there are
many great rarities in the series,
but the acquisition of a single
representative specimen of each
design type allows less rare dates
and mints to be acquired.

To enhance enjoyment of
the collection, we suggest us¬
ing the popular Certified Coin
Estate albums, which we offer
for sale and which our custom¬
ers really enjoy, as an ideal way
to showcase and display a gold
type set.

The result is the Bowers and
Merena Gold Type Set — a mag¬
nificent numismatic treasure illus¬
trating a century of coin designs.
We will select coins of quality for
you. Coin by coin your collection
will grow.

As your collection expands, you
will work toward owning 21 dif¬
ferent classic American gold
coins — each of a different design,
each a part of history.

We know you will really en¬
joy it.

Advantages for You

1 . Each month or other interval of
your choice, a selection will be
sent to you, automatically
charged to your credit card or, if
credit is established, on open ac¬
count.

2. Each coin will be carefully se¬
lected by Bowers and Merena
Galleries experts to be a very
nice specimen of its type and
grade.

3. Each coin will be invoiced at a
discount from our regular price,
typically 4%. As our regular
prices on their own are very ap¬
pealing to advanced, well-in¬
formed numismatists, this gives
you a special edge as a club
member.

4. As collections and coins are ac¬
quired, we will give you an ad¬
vance opportunity for the coins
you need.

5. Each coin is certified by PCGS.
Each coin is guaranteed authen¬
tic.

6. Each coin comes with a 7-day
money back guarantee of satis¬
faction. You must be pleased
with the selection made, the
grade, the price, and the coin’s
appearance. We guarantee it!

7. Asa Club Member you are en¬
titled to a 20% discount on any
books or supplies you need — no
minimum purchase required —
you can order just one book and
get the discount! Moreover, you
are entitled to a 30% discount

on the Certified Coin Estate al¬
bums and binder if you elect to
store and display your coins this
beautiful way.

8. You select the amount you want
to pay per month, $500 or
more, and the grade categories
you prefer.

9. If you already have one or more
gold coins, let us know, and we
will exclude these from your
want list. Similarly, if you buy
any of the needed pieces else¬
where, let us know (although
we like to think it would be dif¬
ficult to match our combination
of quality plus value).

10. You are under no obligation to
continue your membership. It
may be discontinued at any
time, without further obligation,
simply by paying any balance
due or returning any coin not
paid for. In this way we have a
“command performance” to
please you at all times! (Actually,
here at Bowers and Merena we
would do this anyway!)

Grade Categories:

Dave Bowers has selected grade cat¬
egories for each type, based upon a
combination of high grade and cur¬
rent price, to yield a “nice coin for the
money” in each category. For ex¬
ample, among Classic Head gold coins
the grades ofVF and EF are given, but
for Saint-Gaudens double eagles,
grades begin at higher levels, as higher
levels are not much more expensive.

Unless specifically requested oth¬
erwise, we will furnish coins certi¬
fied by PCGS.

Display and Enjoy Your Coins:

We recommend the Certified
Coin Estate album for display and
enjoyment of your coins. The de¬
luxe hardcover album and three
green trays, each capable of holding
nine PCGS certified coins, for a to¬
tal of 27 coins, fist for $144; but as a
member you can take over a 30%
discount from this price — and pay
only $99! This item is our Stock
No. CCE-001. This suite of trays
and albums has six extra spaces for
other coins of your choice, etc.
These handy trays make it possible
for you to easily take each coin out
for study, enjoyment, and apprecia¬
tion.

To join our Gold Type Set Club:

Call Gail Watson or Debbie
McDonald today. Let us know the
amount you would like to spend each
month (minimum: $500), and the
grade category you would like, Cat¬
egory A, Category B, or custom. As
your collection grows, you can change
your grade categories or add coins
from other purchases, etc., but your
preferences will furnish a beginning.

We will keep track of what you
have as your collection grows, and
what you need. Each design has its
own Set Number and grade cat¬
egory, for easy reference.

Get set to receive your first ship¬
ment!

The Coin Collector # June 12, 2000

3

Bowers and Merena Gold Type Set

Here is what your set will include

Gold Dollars
(minted from 1849 to 1889)

1849-1854 Liberty Head Type I
(No. 1 in Gold Collection)

Historical/numismatic sketch: Designed by
James B. Longacre. First released into cir¬
culation in May 1849. Coronet Head ob¬
verse (a miniature version of the double
eagle by Longacre), wreath, date, and de¬
nomination reverse.

Grade Category A: EF and AU
Grade Category B: MS-60 to MS-62
Grade Category C: Custom; you pick
the grade

1854-1856 Indian Princess
Type II

(No. 2 in Gold Collection)

Historical/numismatic sketch: To make
the gold dollar easier to handle, the di¬
ameter was increased. The obverse was
redesigned to the Indian Princess motif
with Miss Liberty wearing a headdress
of feather plumes. It was soon found
that this design would not strike up
properly, because the high parts of the
portrait were opposite the two central
date figures (85) in the dies. Thus, this
motif was short lived. Today the Type II
is the key issue of the three designs.
Grade Category A: VF to AU
Grade Category B: MS-60 to MS-62
Grade Category C: Custom; you pick
the grade

1856-1889 Indian Princess
Type III

(No. 3 in Gold Collection)

Historical/numismatic sketch: In 1856 the
gold dollar was redesigned, the relieflow-
ered, and some other changes made to the
obverse, with the portrait being made
larger and shallower. This motif was con¬
tinued through the end of the series in
1889.

Grade Category A: AU or MS-60
Grade Category B: MS-62 or MS-63
Grade Category C: Custom; you pick
the grade

To Order
Call Toll-free
1-800-222-5993
or Fax your order
603-569-5319

Gold $2.50
Quarter Eagles
(minted from 1834 to 1929)

1834-1839 Classic Head
(No. 4 in Gold Collection)

Historical/numismatic sketch: The Classic
Head obverse, by Chief Engraver William
Kneass (who came to the Mint in 1824),
was modeled after John Reich’s Classic
Head employed on the half cent of 1809
and the cent of 1808. In the gold series the
motif was used only for a few years, and
only on the $2.50 and $5 denominations.
Grade Category A: VF to AU
Grade Category B: MS-60 to MS-62
Grade Category C: Custom; you pick the
grade

1840-1907 Coronet Head
(No. 5 in Gold Collection)

Historical/numismatic sketch: Created by
Chief Engraver Christian Gobrecht, the
Liberty Head or Coronet Head motif was
first employed on the $10 gold eagle of
1838, then the $5 of 1839 and, finally, on
the $2.50 of 1840. This design was used
without major change until decades later in
1907, the longest continuous span of any
single design in American coinage. In gen¬
eral, early dates are rare in high grades,
while dates from the late 1890s through
1907 are readily available.

Grade Category A: MS-60
Grade Category B: MS-62 or MS-63
Grade Category C: Custom; you pick the
grade

1908-1929 Indian Head
(No. 6 in Gold Collection)

Historical/numismatic sketch: In 1908, con¬
tinuing intermittently to 1929, the Indian
Head motif by Bela Lyon Pratt was used on
the $2.50 and $5. The lettering and motifs
are incuse or recessed in the surface, with the
field being the highest part (instead of the
lowest, as normally). Pratt studied under
noted artist Augustus Saint-Gaudens, and
after Saint-Gaudens died (August 3, 1907),
Pratt was asked to make designs for the $2.50
and $5, thus completing the redo of Ameri¬
can gold coinage motifs.

Grade Category A: MS-60
Grade Category B: MS-62 or MS-63
Grade Category C: Custom; you pick the
grade

Gold $3

(minted from 1854-1889)

1854-1889 Indian Princess Head
(No. 7 in Gold Collection)

Historical/numismatic sketch: First issued in
1854, the $3 denomination was continued
in production to 1889. Quantities pro¬
duced were relatively small each year, and
for some years exceedingly so. Today, all $3
coins are scarce. The design by James B.
Longacre is similar to that found on the
Type III gold $1.

Grade Category A: EF or AU
Grade Category B: MS-60 to MS-62
Grade Category C: Custom; you pick the
grade

Gold $5 Half Eagles
(minted from 1834 to 1929)

1834-1838 Classic Head
(No. 8 in Gold Collection)

Historical/numismatic sketch: The Classic
Head obverse, by ChiefEngraver William
Kneass was modeled after John Reich’s
Classic Head employed on the halfcent of
1809 and the cent of 1808. In the gold
series the motif was used only for a few
years, and only on the $2.50 and $5 de¬
nominations.

Grade Category A: VF to AU
Grade Category B: MS-60 to MS-62
Grade Category C: Custom; you pick the
grade

1839-1866 Coronet Head,

No Motto

(No. 9 in Gold Collection)

Historical/numismatic sketch: The
Coronet Head by Chief Engraver
Christian Gobrecht made its debut in
the $5 series in 1839. From then to
1866, the motif was continued, until
in the latter year the motto was added
to the reverse to create a new type (see
following).

Grade Category A: EF or AU
Grade Category B: MS-60 to MS-62
Grade Category C: Custom; you pick the
grade

1866-1908 Coronet Head,
With Motto

(No. 10 in Gold Collection)

Historical/numismatic sketch: In 1866 the
motto IN GOD WE TRUST was added
to the reverse of the higher denomination
gold coins ($5, $10, and $20), creating a
new type.

Grade Category A: MS-60
Grade Category B: MS-62 or MS-63
Grade Category C: Custom; you pick
the grade

1908-1929 Indian Head
(No. 11 in Gold Collection)

Historical/numismatic sketch: In 1908,
continuing intermittently to 1929, the
Indian Head motif by Bela Lyon Pratt
was used on the $2.50 and $5. The
lettering and motifs are incuse or re¬
cessed in the surface, with the field
being the highest part (instead of the
lowest, as normally). In general, the $5
pieces are scarcer than the $2.50 coins
of the same design.

Grade Category A: MS-60
Grade Category B: MS-62 or MS-63
Grade Category C: Custom; you pick
the grade

Gold $10 Eagles
(minted from 1838-1933)

1838-1866 Coronet Head,

No Motto

(No. 12 in Gold Collection)

Historical/numismatic sketch: In 1838
the $10 denomination was produced
for the first time since 1804. The de¬
sign, by Chief Engraver Christian
Gobrecht, featured the head of Miss
Liberty wearing a coronet or tiara (this
motif was subsequently used on the
$2.50 in 1840 and the $5 in 1839). In
1866 the reverse was revised by adding
the motto (see following type).

Grade Category A: VF to AU
Grade Category B: MS-60 to MS-62
Grade Category C: Custom; you pick
the grade

4

The Coin Collector # June 12, 2000

Bowers and Merena Gold Type Set

Here is what your set will include

Quality

- Your Satisfaction is Guaranteed! -

Gold $10 Eagles (cont.)

1866-1907 Coronet Head,
With Motto

(No. 13 in Gold Collection)

Historical/numismatic sketch: In 1866 the
motto IN GOD WE TRUST was added
to the reverse of the higher denomination
gold coins ($5, $10, and $20), creating a
new type.

Grade Category A: MS-60
Grade Category B: MS-62 or MS-63
Grade Category C: Custom; you pick
the grade

1907-1908 Indian Head,

No Motto

(No. 14 in Gold Collection)

Historical/numismatic sketch: The beau¬
tiful Indian Head motif by Augustus
Saint-Gaudens was first made in 1907.
The obverse features Miss Liberty in an
Indian headdress, possibly modeled by
the mistress of the artist, Davida Clark.
The reverse shows a standing eagle.
Today, numismatists consider this to be
one of America’s most beautiful de¬
signs.

Grade Category A: MS-60
Grade Category B: MS-62 or MS-63
Grade Category C: Custom; you pick
the grade

1908-1933 Indian Head,

With Motto

(No. 15 in Gold Collection)

Historical/ numismatic sketch: Part way
through 1908 the motto IN GOD WE
TRUST was added to the reverse, cre¬
ating a new type.

Grade Category A: MS-60
Grade Category B: MS-62 or MS-63
Grade Category C: Custom; you pick
the grade

Gold $20 Double Eagles

(minted from 1850-1933)

1850-1866 Coronet Head,

No Motto Type I
(No. 16 in Gold Collection)

Historical/numismatic sketch: The large and
impressive $20 double eagle was first made
for circulation in 1850, as a convenient way
to convert California Gold Rush metal to
coin form. The denomination proved to be
very popular in commerce. Each coin con¬
tains about an ounce of gold. The 1850
design by ChiefEngraverJ ames B . Longacre
features Miss Liberty wearing a coronet and
is the same motif as used on the 1849 gold
dollar.

Grade Category A: EF or AU
Grade Category B: MS-60 to MS-62
Grade Category C: Custom; you pick the
grade

1866-1876 Coronet Head,
With Motto Type II
(with reverse TWENTY D.)
(No. 17 in Gold Collection)

Historical/numismatic sketch: In 1866 the
motto IN GOD WE TRUST was added to
the reverse of the higher denomination gold
coins ($5, $10, and $20), creating a new
type.

Grade Category A: EF or AU
Grade Category B: MS-60 to MS-62
Grade Category C: Custom; you pick the
grade

1877-1907 Coronet Head,
With Motto Type III
(with reverse TWENTY DOLLARS)
(No. 18 in Gold Collection)

1907-1908 Saint-Gaudens,
No Motto

(No. 20 in Gold Collection)

Historical/numismatic sketch: In 1877, the
reverse of the double eagle was again
modified, this time to change the de¬
nomination from TWENTY D. to
TWENTY DOLLARS, creating a new
type.

Grade Category A: MS-60
Grade Category B: MS-62 or MS-63
Grade Category C: Custom; you pick the
grade

MCMVII (1907) High Relief
(No. 19 in Gold Collection)

Historical/numismatic sketch: When the
Mint was striking MCMVII High Relief
$20 pieces, three strikes of the coining
press were needed to bring the design up
properly. After 11,250 were made, Chief
Engraver Charles E. Barber in Decem¬
ber 1907, lowering the relief, and chang¬
ing the date to “Arabic” numerals, 1907.
This motif was continued through part
of 1908.

Grade Category A: MS-60
Grade Category B: MS-62 or MS-63
Grade Category C: Custom; you pick
the grade

1908-1933 Saint-Gaudens,
With Motto

(No. 21 in Gold Collection)

Historical/numismatic sketch: In 1905 , Presi¬
dent Theodore Roosevelt contacted
Augustus Saint-Gaudens, America’s most
acclaimed sculptor, and commissioned him
to redesign the national coinage. This he
did with great advantage for the $10 (In¬
dian Head) and $20 (Victory, or simply
called Saint-Gaudens design), but he died
before completing any other denomina¬
tions. The first circulating double eagle of
1907 depicted Miss Liberty striding for¬
ward with a resplendent sun at the hori¬
zon. The motif was in high relief, and the
date was expressed in Roman numerals.
Examples are scarce in all grades.

Grade Category A: EF or AU
Grade Category B: MS-60 to MS-62
Grade Category C: Custom; you pick the
grade

Historical/numismatic sketch: Part way
through 1908 the motto IN GOD WE
TRUST was added to the reverse of the
double eagle, creating a new type.

Grade Category A: MS-60
Grade Category B: MS-62 or MS-63
Grade Category C: Custom; you pick
the grade

The Bowers and Merena difference! For

over 45 years, since our founding in 1 953, we
have been supplying choice, rare, and inter¬
esting coins, tokens, medals, and paper money
to discriminating collectors, dealers, and mu¬
seums. If quality is important to you, you’ve
come to the right place. Let us help you build
a fine collection combining excellent quality
and value for the price paid.

The Coin Collector June 12, 2000

5

United States Gold Coins!

(continued from page 1 )

gold mined there traveled back to the East to
be minted into federal coins at the mints at
Philadelphia, Dahlonega, Charlotte, and New
Orleans (which began production in 1838).
The Mint Act of March 3, 1849 authorized
the coinage of gold dollars and double eagles,
bringing the number of gold denominations
produced at United States mints to five. In
1854, this number would increase again when
production began of the three-dollar gold
piece, a rather unwanted coin which was
minted in relatively small numbers through
1889 (the year which also saw the end of gold
dollar coinage).

The amount of gold actually extracted in
California will never be known, for no records
were kept. However, by 1852 so much gold
was being mined that a branch mint was au¬
thorized in San Francisco and began operations
on April 3, 1854. The first building used (pre¬
viously the facilities of a private minting firm)
proved to be very inadequate and by 1874 a
new mint was ready for full production. The
second San Francisco Mint struck gold coins
through 1930, at which time its production
became limited to copper, nickel, and silver
coins.

Further discoveries of gold in Oregon,
Montana, Colorado, and Nevada led to pri¬
vate minting in those areas, and eventually to

the establishment of branch mints in Carson
City, Nevada, and Denver, Colorado. By
1870, production was underway at the
Carson City Mint to coin gold and silver
mined from the famous Comstock Lode, lo¬
cated 15 miles from the city. This mint would
continue production until 1893, although
coinage was suspended from 1885 through
1889. In 1862, Congress authorized the es¬
tablishment of a branch mint in Denver,
Colorado and, in fact, purchased the building
of a private minter Clark, Gruber & Co. to be
used in this capacity. However, it was not
until 1906 that the Denver Mint began pro¬
duction of circulating coins, and this was ac¬
complished in a different building, one built
specifically for this purpose. The Denver
Mint coined gold coins through 1931, when
it coined its final double eagle.

On April 5, 1933, the newly elected presi¬
dent, Franklin Delano Roosevelt, proclaimed
that gold coins were to be returned by the
public by the Federal Reserve System by May
1 , with the exception of pieces held for numis¬
matic value. The Gold Reserve Act ofjanuary
30, 1934 effectively ended gold coin produc¬
tion and removed the gold backing of paper
money in the United States. Thus ended the
“Golden Era” of United States coinage, and
gold coins were no longer to be found in the
channels of commerce.

Famous Gold Rarities

Test Your Numismatic Knowledge

We give clues concerning five different gold coin rarities. How many can you identify? Get
three or more right, and you are doing well. Get four right, and you are in the expert class.
Get all five correct, and you deserve a gold medal! Answers are given at the end.

1. Among coins of the $3 gold denomi¬

nation, just one issue is believed to be
unique, and was last offered publicly in our
sale of the Eliasberg U.S. Gold Coin Collec¬
tion in 1982:

a. 1854-D

b. 1870-S

c. 1875

d. 1876

2. At different times in American numis¬
matic history this formidable rarity in the
gold series has held the record for the most
valuable coin ever sold at auction, including
a $725,000 sale in 1979. Only a half dozen
or so pieces are known to exist:

a. 1858 Proof $10

b. 1883 Proof $20

c. 1877 pattern gold $50

d. 1787 Brasher doubloon

3. This western gold coin denomination
is considerably rarer than the other territo¬
rial gold coins listed. The design includes
clasped hands and a bishop’s nitre.

a. 1849 Mormon $10

b. 1849 Oregon $10

c. 1860 Clark, Gruber $10

d. 1855 Kellogg $50

4. It is believed that only a few hundred
examples of this 20**’-century rarity managed
to slip into circulation before President Franklin
Roosevelt’s Executive Order banning private
ownership of gold was issued. This coin has
the distinction of being the latest type and
latest dated collectible (that is, legal to own)
United States regular gold coin.

a. 1933 eagle

b. 1929 half eagle

c. 1933 double eagle

d. 1929 quarter eagle

5. Among gold coins of the 20th century,
an MS-65 example of this variety is a major
rarity, although catalogue values do not
reflect this.

a. 1904-S half eagle

b. 1904 double eagle

c. 1901-S half eagle

d. 1908 quarter eagle

•e-s ‘e-fr ‘e-e ‘p-z ‘q-L :s*3MSNV

The large-scale discovery of gold in
California in 1848 set in motion a
westward migration the equal ofwhich
had never been seen.

From the settlements in Jamestown
(Virginia) in 1607, Massachusetts Bay
in 1 620, and other outposts, Europe¬
ans and other immigrants during the
next 1 50 years built what became the
United Statq?. By 1848, civilization in
the refined sense extended along the
Eastern Seaboard from Florida to
Maine, and inland to, perhaps, St.
Louis. Farther west, conditions were
largely primitive, and large areas re¬
mained unexplored. Within the space

Gold

of a decade this would change dramati¬
cally. California would become a dy¬
namic state, Oregon and Washington
would be developed, and soon thereaf¬
ter, Nevadawould undergo vast changes
including achieving statehood.

The catalyst was gold.

On January 24, 1848, the new era
began.

Sutter’s sawmill on the American
River was the site of the gold discovery
that ignited the passions of the world.
On January 24, 1848, James Marshall, an
employee of John Sutter, glimpsed a
yellow flake in the tail race of the newly
built mill. Historian Hubert Howe
Bancroft, chronicler of the Ameri¬
can West, later described the dis¬
covery: “It must be gold! And the
mighty secret of the Sierra stood
revealed.” The mighty secret
could not be contained, and within
a few months the entire territory
was teeming with gold seekers;
the seeds had been sown for the
Gold Rush, and America would
never be the same.

On May 1, 1848, the Californian
newspaper closed its doors, as all the
employees had headed for the Sierras,
noting in farewell:

The whole country, from San Fran¬
cisco to Los Angeles, and from the
seashore to the base of the Sierra Ne¬
vada, resounds with the sordid cry of
gold! Gold! GOLD!— while the field is
left half planted, the house half built,
and everything neglected but the manu¬
facture of picks and shovels...

Dozens of little settlements sprung
up in the foothills, some to disappear
within a year or two leaving hardly a
trace. The spirit and hardship of the
time were reflected in such place names

is Discovered in California!

Cl , , , _. , _. - however, they were so valuable in

as Skunk Gulch, Gitup and Git, Lousy '

D. D j /- i L o i o • . their day, that precious few were

Ravine, Brandy Gulch, Puke Ravine and ' r

_ ever saved as souvenirs. Instead, they

Gouge Eye. '

Situated in a large protected harbor,
San Francisco became the focal point for
commercial and social activity during
the Gold Rush. It offered the amenities
of moderate climate combined with
ready access to interior lands by steamer
or wagon and offered at least some of
the trappings of what sojourners had
experienced in the culture of the East.

Gold Rush miners returned to San
Francisco with their earnings from the
Sierra foothills. In the city, mercantile
establishments and services expanded,
and beginning in 1849, the economy
grew by leaps and bounds. In the
city in the 1850s, money more of¬
ten than not was in the form of gold
coins, usually of larger denomina¬
tions. Such coins were carried
aboard ships out of San Francisco,
usually connecting over land at
Panama, with Atlantic Ocean ships.
From that point, golden treasure
from California reached the cities
and markets of New York, London,
and elsewhere.

Meanwhile in San
Francisco, the mint
opened for business in
1 854, at the peak of the
fabulous Gold Rush.

From then onward, it
became the focal point
for converting precious
gold bullion into coin
form. The large $20 de¬
nomination was espe¬
cially desired for use in
important transactions;

were used as they were meant to
be— in circulation, in the export trade,
in banks, and elsewhere.

While double eagles were made
at the Philadelphia and New Orleans
mints during the 1850s, it is the San
Francisco Mint issues that are the
most historic, most romantic— as the
Mint and these coins came from the
prime city of the Gold Rush. Each
coin is distinguished by a special “S”
mintmark on the reverse, below the
tail of the eagle, signifying it as an
authentic specimen.

6

The Coin Collector # June 12, 2000

Additional gold coins for your purchase consideration

GOLD DOLLARS

Our quality selection of gold dollars includes ex¬
amples of each of the three design types: Liberty Head
(1849-1854); Small Indian Head (1854-1856); and
Large Indian Head (1 856-1889). Our offering includes
choice circulated coins, lovely Mint State delicacies, and
enough rare dates to satisfy all collecting interests.
Whether you seek an important date or simply a choice
type coin, you will do well to check our inventory.

1851 Gold Dollar

1851 MS-64 (PCGS). Lustrous. Not a rare date,
but certainly a splendid specimen! Ideal for a
type set . 1,850

1851 MS-63 (PCGS). Lustrous satiny surfaces exhibit

pale olive highlights. A pleasing example of Type I
gold dollar coinage . 1,095

1852 MS-63 (PCGS). A lustrous and nicely struck

example . 995

1853 MS-63 (NGC). Brilliant and frosty, with strong

eye appeal for the grade . 1,295

1853 MS-63 (PCGS). Intensely lustrous with the

overall visual appeal ofa higher grade. Struck from
a shattered obverse die, with heavy cracks connect¬
ing many of the obverse stars . 1 ,295

1854 Type II. AU-50 (NGC). Brilliant . 775

Important 1855-0 Gold $1
Only New Orleans Type II Gold $1
1855-0 AU-55 (NGC). A lovely and lustrous ex¬
ample of the only Type II gold dollar issue from the
New Orleans Mint. From a fairly small mintage of
just 55,000 pieces. Scarce in AU or higher grades,

and highly important as such . 1,995

1858 MS-62. Brilliant . 695

Notable 1859-S Gold $1
A Low-Mintage Rarity

1859-S AU-55 (PCGS). Generous amounts oflustre
grace the satiny surfaces of this branch mint rarity.
From a mintage of just 15,000 pieces, the majority
of which no doubt found their way into commerce
in San Francisco during the Gold Rush days of that
city. The typical grade for this date is just VF to EF.

A splendid opportunity . 2,450

1860 MS-62 (PCGS). Brilliant . 585

1860 MS-61 (NGC). Brilliant . 635

1861 MS-63 (NGC). Lustrous satiny surfaces. 950

1862 AU-58 (PCGS). Brilliant . 245

1873 Open 3. MS-64 (NGC). Brilliant with strong
lustre on frosty surfaces. The interesting variety with
a raised vertical die line on Miss Liberty’s neck. A

near-gem gold dollar with all the aesthetic appeal of

a higher grade . 1 ,295

1873 Open 3. MS-64 (PCGS). Brilliant . 1,295

1873 Open 3. MS-63 (NGC). Brilliant and lus¬
trous . 915

Gem 1874 Gold Dollar

1874 MS-65 (PCGS). Brilliant and satiny with lovely
olive highlights. An attractive gem specimen of the

date, and fairly scarce as such . 2,350

1874 MS-64 (NGC). Brilliant and satiny with strong

lustre . 1,295

1874 MS-64 (PCGS). A satiny and lustrous near gem
with pale rose toning . 1,295

1880 MS-66 (NGC). Brilliant . 2,895

1881 MS-66 (PCGS). Brilliant . 3,295

1886 MS-62 (PCGS). Brilliant . 595

1888 MS-64 (NGC). Brilliant . 1,035

Lovely Mint State 1889 Gold Dollar
1889 MS-64 (PCGS). A frosty and highly lustrous ex¬

ample of the final date in the gold dollar series. Rich
rose toning accents the overall quality. A grand com¬

bination of quality and value . 1,450

1889 MS-63 (PCGS). Brilliant . 795

1889 MS-62 (NGC). Brilliant . 595

QUARTER EAGLES
($2.50 GOLD)

Our quarter eagle listing begins with a lovely (and
rare) date in the Capped Bust series, plus a nice selec¬
tion of Liberty and Indian issues, and the chances are
good that the coin you seek is listed. Our usual selec¬
tion of “types” and rarities can be found as well. Happy
hunting!

Important 1825 $2.50 Rarity
1825 Breen-1. AU-50. The first Capped Head type
as inaugurated in 1821 . Very seldom do examples of
this type become available. If you have this on your
want list, we suggest an immediate call as this should
not remain in our inventory for long . 6,950

Two reverse dies are known for the 1 825 quarter eagle,
sharing the same obverse. This is the only date ofS2.50 in the
1821-1834 series with more than one reverse die; all dates in
the range have but a single obverse die.

“Distant Denomination” reverse: Characterized by
having the denomination 2-1/2 distant from the leaf to its
left. This reverse was also used in 1821 and 1824. Breen
(1988) calls this the “Distant Fraction" variety and estimates
a mintage of3,324, stating it is the variety usually seen. This
is the variety we now offer for sale.

“Close Denomination” reverse: Characterized by hav¬
ing the denomination 2-1/2 close to the leaf to its left. This
reverse was also used in 1826 and 1827. Breen (1988) calls
this the “Close Fraction" variety and estimates a mintage of
1,110, stating that possibly eight to 10 circulation strikes are
known. • Mark Borckardt estimates that the population of
extant pieces of this variety is about 20 to 25.

1836 Script 8. MS-63 (PCGS). Brilliant . 7,595

1837 EF-45 (NGC). Brilliant . 595

Mint State 1847 $2.50

1847 MS-60 (PCGS). Brilliant with strong lustre.
This scarce Philadelphia Mint issue (29,814 pieces
struck) is readily available in VF or so, but is a rarity
of some note in Mint State. We don’t recall the last
time we were able to offer an Uncirculated example
of the date . 5 ,350

Regarding the rarity of the 1 847 quarter eagle in Uncir¬
culated, it is worth noting that PCGS has certified just 10
examples of this date in Mint State, the highest graded being
MS-63.

1848 CAL. Quarter Eagle

1848 CAL. AU-53(PCGS). Brilliant . 29,500

1852 MS-61 (NGC). Brilliant . 465

1853 MS-62 (NGC). Brilliant . 725

1856 AU-58 (NGC). Brilliant . 295

1857 AU-58 (NGC). Brilliant . 299

1860 MS-62 Quarter Eagle
1860 MS-62 (PCGS). Brilliant. A scarce early Liberty
Head issue. We estimate that about 50 to 80 exist
at the Mint State level. The present coin was hand¬

picked for quality . 1,795

1861 AU-58 (NGC). Brilliant . 319

1873 Closed 3. MS-62 (PCGS). Brilliant. ... 1,095

1873 Closed 3. MS-61 (PCGS). Brilliant . 770

1873 Open 3. MS-64 (NGC). Brilliant . 1,950

1873 Open 3. MS-62 (NGC). Brilliant . 650

Important 1881 Quarter Eagle
A Low-Mintage Rarity

1881 AU-55 (PCGS). Brilliant. A beautiful specimen
of one of the foremost key issues among Liberty

Head quarter eagles. Only 691 coins were struck! Sel¬
dom offered in any grade . 5,495

In Mint State the 1881 is a formidable rarity. Appar¬
ently, no more than a handful were deliberately saved by
numismatists, as Proofs were readily available. In his 1975
study David W. Akers was able to locate only one auction
appearance of a Mint State coin and had never seen one
personally! However, since 1986 over a dozen have been
certified in Mint State. The reader may form his or her own
opinions, but it seems likely that resubmissions (due to the
value of this particular date) and, possibly, liberal grading
have inflated the figure.

In circulated grades we estimate that only about25to35
exist, with such pieces being nearly as hard to find as Proofs!
As David Akers points out, some — possibly most — EF and

AU coins are impaired Proofs.

1886 AU-58 (PCGS). Brilliant . 795

1888 MS-63 (NGC). Brilliant . 895

1898 MS-64 (PCGS). Brilliant . 995

1898 MS-63 (PCGS). Brilliant and highly lus¬
trous . 895

1894 MS-62 (NGC). Brilliant . 1,095

1899 MS-63 (PCGS). Brilliant . 1,095

Gem Mint State 1900 Quarter Eagle
1900 MS-65 (PCGS). Brilliant. A gem specimen of
the final Liberty Head quarter eagle of the 1 9 th cen¬
tury (or the first year of the 20th century, if you are
not mathematically inclined). Not a rarity, even in
MS-65, but surely a first-class showpiece for a first-

class type set . 2,195

1900 MS-64 (NGC). Brilliant . 1,395

1901 MS-64 (PCGS). Brilliant . 1,395

Gem Uncirculated 1902 $2.50

1902 MS-65 (PCGS). Warm gold and rose toning on

satiny lustrous surfaces. A lovely gem specimen of
the date . 1,795

1902 MS-62 (NGC). Brilliant . 395

1903 MS-64 (PCGS). Brilliant . 875

1903 MS-63 (NGC). Brilliant . 795

1904 MS-63 (PCGS). Brilliant . 1,095

1904 MS-62 (PCGS). Brilliant . 395

1905 MS-63 (PCGS). Brilliant . 795

1906 MS-64 (NGC). Brilliant . 875

1906 MS-63 (NGC). Brilliant . 795

1906 MS-63 (PCGS). Brilliant . 795

1907 MS-64 (PCGS). Brilliant . 895

1907 MS-63 (NGC). Brilliant . 795

1907 MS-63 (PCGS). Brilliant . 795

Gem 1908 Indian $2.50

1908 MS-65 (PCGS). Lustrous with attractive gold
and olive highlights. A satiny gem from the first year
ofBela Lyon Pratt’s unique ituused Indian Head de¬
sign; the design motifs are sunken into the coin
rather than raised above the surface, as in virtually

all other U.S. coin design types . 3,150

1908 MS-62 (NGC). Brilliant . 345

High-Grade 1909 Quarter Eagle
1909 MS-66 (NGC). Seldom seen in such a high
grade. Most specimens of the 1909 are lighdy worn.
When a Mint State piece is found it is apt to be MS-
60 to MS-63, almost never MS-66! Brilliant and

lustrous . 6,950

1910 MS-62 (ICG). Brilliant . 345

1910 MS-62 (NGC). Brilliant . 319

1911 MS-62 (PCGS). Brilliant . 335

1911 MS-60. Brilliant . 295

1911-D MS-63 (PCGS). Brilliant . 8,495

1912 MS-64 (PCGS). Brilliant . 1,650

1912 MS-61 (NGC). Brilliant . 329

1913 MS-63 (NGC). Brilliant . 695

1913 MS-63 (PCGS). Brilliant . 695

1914 MS-64 (PCGS). Brilliant . 4,950

1914 MS-62. Brilliant . 1,195

1914 MS-62 (NGC). Brilliant . 1,195

1914 MS-61 (NGC). Brilliant . 519

1915 MS-63 (NGC). Brilliant . 675

1915 MS-63 (PCGS). Brilliant . 675

Gold From California Reaches the Mint

The first deposit in 1848 of Cali¬
fornia gold from the American River
was given to the Philadelphia Mint on
December 8th for evaluation. Mint
Director Robert M. Patterson re¬
ported in due course that the gold,
amounting to 1,804,59 ounces, as¬
sayed slightly over $18 per ounce.
The following day, December 9th,
228 ounces averaging .894 fine were
deposited at the Philadelphia Mint. It
was suggested that some of the gold
be coined into quarter eagles with
some type of distinguishing mark for
those who wUfced 3, souvenir coins
specifically madefrom California gold.

The estimated 1,389 quarter
eagles struck from the first govern¬

ment deposit of California gold
bore the notation CAL. on the
reverse, making them the first
commemorative coins ever is¬
sued by a United States mint.
Apparently these coins were
available at face value to anyone
desiring them and probably
fewer than two to three dozen
numismatists learned of the is¬
sue and added the coins to their
cabinets. Most undoubtedly
went to non-collectors, and
eventually entered the channels
of commerce at face value, as
evidenced by the fact that most
examples known today show
evidence of wear.

1915 MS-61 (PCGS). Brilliant. . . . 375

Gem Mint State 1925-D $2.50
1925-D MS-65 (PCGS). A satiny gem with strong
lustre and a hint of rose iridescence that adds con¬
siderably to the overall beauty of the coin. The fi¬
nal branch mint issue of the denomination

(1796-1929) . 2,950

1925-D MS-64 (NGC). Brilliant . 895

1925-D MS-63 (PCGS). Brilliant . 699

1925-D MS-61 (PCGS). Brilliant . 295

MS-65 Quarter Eagle

1926 MS-65 (NGC). Brilliant . 2,495

It is not widely known, but is quite true, that quarter
eagles were not readily obtainable for face value in the 1 920s.

1926 MS-64 (PCGS). Brilliant . 895

1926 MS-63 (PCGS). Brilliant . 595

Gem Uncirculated 1927 $2.50
1927 MS-65 (PCGS). A satiny gem with lively olive
lustre on both sides. Sharp and attractive, and cer¬

tainly worthy of the gem designation . 2,950

1927 MS-64 (NGC). Brilliant . 925

1927 MS-64 (PCGS). Brilliant . 895

1927 MS-63 (PCGS). Brilliant . 595

1928 MS-64 (PCGS). Brilliant . 925

1928 MS-63 (NGC). Brilliant . 595

1928 MS-62 (PCGS). Brilliant . 319

1929 MS-64 (PCGS). Brilliant . 925

$3 GOLD

As a denomination, all $3 gold coins can be consid¬
ered scarce or rare, with some dates, of course, being
much more rare than others.

If you have studied rare coin activity in the past, you
have come to realize that, while many dates are con¬
sidered rare by most accounts, a serious collection of
$3 gold coins is not out of the reach of today’s collec¬
tor. Perhaps 90% of the dates and mintmarks from
1854 to 1889 can be collected, in many instances for
less than $ 1 ,000 per coin in grades from VF to AU. If
this piques your fancy, Gail Watson, and Debbie
McDonald would be happy to set you up on our Want
List Program and let you know when needed dates and
mintmarks come to hand. Feel free to call Gail to dis¬
cuss your collecting strategy. Remember, there is no
obligation on your part to participate in our Want List
program, just the opportunity to acquire that certain
date for your set.

The current listing is admittedly brief, as examples
of this denomination sell very quickly. We are con¬
stantly on the hunt for further nice examples for our
customers, coins that are seldom located.

1854 MS-61 (NGC). Brilliant . 1,995

1854 AU-55 (NGC). Brilliant . 1,095

1854 AU-53 (PCGS). Brilliant . 995

Uncirculated 1855 $3 Gold
1855 MS-60 (NGC). Satiny surfaces exhibit warm
honey gold toning and strong lustre. A nice coin for

the grade, and a good value overall . 2,195

1860 AU-55 (PCGS). Brilliant . 1,375

1870 AU-55 (NGC). Brilliant . 1,895

Lustrous 1874 $3 Gold

1874 MS-61 (NGC). Brilliant . 1,895

Choice Mint State 1878 $3 Gold
1878 MS-63 (PCGS). Brilliant. The most popular
date of its era, the 1878 $3 in this grade is an ideal
choice for a high quality type set . 4,295

1878 AU-58 (PCGS). A lustrous, beautiful coin with

very nice eye appeal . 1 ,250

1879 MS-61 (PCGS). Brilliant . 2950

1887 MS-65 (PCGS). Brilliant . 14,350

'-i ft i m iSgMa&i—

$5 GOLD HALF
EAGLES

As with our other gold offerings, the following fist¬
ing of half eagles contains plenty of exciting and en¬
ticing dates in all grades and types, from circulated to
Mint State, and from early to late design types.
Sprinkled throughout are many new purchases.

1803/2 B-1D. AU-58 (NGC). Brilliant . 6,150

1805 B-3B. AU-55 (NGC). Brilliant . 5,895

1807 B-1A. Draped Bust. AU-58 (NGC). Bril¬
liant . 6,450

1812 B-1A. MS-61 (NGC). Brilliant . 6,350

Underrated 1840 $5

1840 Ay-53 (PCGS). Lustrous with warm orange-
gold highlights. From the second year of the design
type. Early Coronet gold is experiencing a resur¬
gence in popularity. We are delighted to offer this
example for your numismatic consideration. 1,495

1840 EF-45 (NGC) . 595

1843 AU-58 (NGC). Brilliant . 895

The Coin Collector # June 12, 2000

7

1847/7 AU-58 (NGC). Brilliant . 1,595

Mint State 1848 Rarity

1848 MS-61 (NGC). Brilliant. In full Mint State the
1 848 half eagle is a rarity. Only infrequently do we
have one in stock. Buy this lovely, lustrous, and rare

coin for only . 1,950

1851 AU-58 (NGC). Brilliant . 975

1852 AU-50 (NGC). Brilliant . 325

Choice Uncirculated 1853 $5
1853 MS-63 (PCGS). A satiny orange-gold specimen
vvith strong lustre on both sides. Struck from a shat¬
tered obverse die, with a network of cracks connect¬
ing the date and the stars on the left of the coin, a

feature that lends considerable interest . 12,500

1854 AU-50 (NGC). Brilliant . 550

1856-S AU-53 (PCGS). Brilliant . 1,650

1856-S Breen-6626. Medium S. AU-50 (NGC).
Plenty of lustre and rich orange toning make for
an attractive coin overall. Much rarer than its
moderately sizable mintage (105,100 pieces) in¬
dicates. Seldom offered above EF, and important

as such . 1,395

1861 AU-58 (NGC). Brilliant . 795

Lovely 1868-S Half Eagle

1868-S EF-45 (PCGS). Brilliant . 1,750

1872-S VF-25 (PCGS) . 675

1873 Open 3. AU-58 (NGC). Brilliant . 525

1873 Open 3. AU-55 (PCGS). Brilliant . 435

1879-S MS-60 (NGC). Brilliant . 410

Choice Uncirculated 1880 $5
1880 MS-64 (PCGS). A brilliant prooflike half eagle
of near-gem quality. The frosty devices and mirror
fields exhibit a dusting of pale rose and orange ton¬

ing. Appealing in all respects . 2,595

1880-S MS-63 (NGC). Brilliant . 1,095

1881/0 AU-55 (PCGS). Interesting overdate. . 995

1881 MS-64 (NGC). Lightly toned . 1,095

1881 MS-63 (NGC). Brilliant . 675

1881 MS-62 (NGC). Brilliant . 345

1882 MS-64 (NGC). Brilliant . 1,095

1882 AU-58. Brilliant . 235

1882-S MS-63 (PCGS). Brilliant . 895

1884-S MS-62 (PCGS). Brilliant . 650

1884- S MS-61 (PCGS). Brilliant . 495

1885- S MS-63 (PCGS). Brilliant . 750

1885- S MS-60. Brilliant . 245

1886- S MS-61 (PCGS). Brilliant . 259

1887- S MS-60. Brilliant . 245

1889 MS-62 (NGC). Brilliant . 2,295

1891 MS-64 (PCGS). Brilliant . 3,895

1892-CC MS-62 (NGC). Brilliant . 3,150

1892-CC AU-58 (NGC). Brilliant . 995

1892- S MS-60 (NGC). Brilliant . 675

1893 MS-64 (PCGS). Brilliant . 1,195

1893 MS-60. Brilliant . 245

1893 AU-50. Brilliant . 219

1893- CC AU-58 (NGC). Brilliant . 995

1893- S MS-62 (PCGS). Brilliant . 550

1894 MS-60. Brilliant . 255

1894- S AU-53 (PCGS). Brilliant . 695

1895 MS-63 (PCGS). Brilliant . 735

1897 MS-60. Brilliant . 245

1897-S AU-58 (PCGS). Brilliant . 465

Gem Mint State 1899 Half Eagle
1899 MS-65 (PCGS). A satiny and brilliant gem of the
highest order (within the grade limitations, of
course). A warm olive glow enhances the overall
quality. This is what the MS-65 grade designation

is all about! . 6,500

1899 MS-64 (PCGS). Brilliant . 1,095

1899 MS-63 (PCGS). Brilliant . 650

1900 MS-62 (PCGS). Brilliant . 315

1900 MS-64 (NGC). Brilliant . 1,095

1901/0-S Overdate. MS-63 (PCGS). Brilliant.895

190 1-S MS-64 (NGC). Brilliant . 1,095

1901-S MS-64 (PCGS). Brilliant . 1,095

1901-S MS-63 (NGC). Brilliant . 735

1901- S MS-62 (PCGS). Brilliant . 289

1902- S MS-63 (NGC). Brilliant . 650

1902-S MS-60. Brilliant . 245

1903 MS-63 (PCGS). Brilliant . 735

1904 MS-63. Brilliant . 650

1904 MS-63 (NGC). Brilliant . 650

1904 MS-62 (PCGS). Brilliant . 425

1905 MS-64 (NGC). Brilliant . 1,095

1905 MS-63 (PCGS). Brilliant . 875

1905 MS-63 (PCGS). Brilliant . 875

1905- S MS-60 (NGC). Brilliant . 559

1906 MS-63 (PCGS). Brilliant . 825

Choice Uncirculated 1906-D $5

1906- D MS-64 (PCGS). Brilliant with even lustre on

satiny honey gold surfaces. First year of the Denver
Mint . 1,595

1906-D MS-63 (NGC). Brilliant . 735

1906- S MS-63 (PCGS). Brilliant . 1,350

1907 MS-64 (NGC). Brilliant . 1,095

1907- D MS-64 (PCGS). Brilliant . 1,150

1907-D MS-63 (NGC). Attractive satiny sur¬
faces . 735

1908 Liberty. MS-63 (NGC). Brilliant . 725

1908 Liberty. MS-62 (PCGS). Brilliant . 345

1908 Liberty. AU-58. Brilliant. Interesting and im¬
portant . 225

Exceptional Mint State 1908 Indian $5
1908 Indian. MS-64 (NGC). First year ofissue of the

Indian Head design by Bela Lyon Pratt. A satiny,
beautiful specimen that is sure to please! .... 3,495

1908- D MS-63 (PCGS). Brilliant . 1,050

1909- D MS-63 (PCGS). Brilliant . 1,150

1911 MS-61 (NGC). Brilliant . 365

1911-D AU-55 (PCGS). Brilliant . 1,095

1911-S MS-60 (NGC). Brilliant . 595

1913 MS-62 (PCGS). Brilliant . 495

1913 AU-58 (PCGS). Brilliant . 275

Choice Mint State 1914 $5

1914 MS-63 (PCGS). Brilliant and lustrous. Quite

rare so fine . 1 ,695

The 1914 is quite elusive in Mint State, in fact, our

experience has been that the only Indian half eagle readily
available in Mint State is the 1909-D, trailed at a long
distance by the 1 908 Philadelphia issue. Nearly all others are
seldom seen.

Choice Uncirculated 1914-D $5

1914-D MS-63 (PCGS). Brilliant . 2,895

1914- S MS-60 (NGC). Brilliant . 1,195

Lovely 1915 HalfEagle

1915 MS-63 (PCGS). Brilliant . 1,495

1915- S AU-53 (PCGS). Brilliant . 519

Lovely 1915 HalfEagle

1915 MS-63 (PCGS). Brilliant . 1,495

1915-S AU-53 (PCGS). Brilliant . 519

$10 GOLD EAGLES

Our selection of eagles includes many Liberty or
Coronet eagles, as well as many nice Indian eagles. As
always, we have combed bourse floors across America
in an effort to find quality gold coins that represent a
great value to today’s collectors. Order with confi¬
dence from this listing, as your satisfaction is always

guaranteed at Bowers and Merena.

1801 AU-58 (NGC). Brilliant . 10,950

1801 B-6843; 2-B. AU-58 (PCGS). Brilliant and lus¬
trous . 10,950

1846 EF-45 (PCGS). Brilliant . 2,350

1849 AU-50 (NGC). Brilliant . 795

1850 Large Date. VF-35 (NGC) . 385

1851-0 EF-45 (NGC). Brilliant . 595

1852 AU-50 (NGC). Brilliant . 575

1852 VF-35 (PCGS) . 375

1853 AU-50 (PCGS). Brilliant . 575

1855 AU-55 (ICG). Brilliant . 1,195

1860 EF-40 (PCGS) . 815

1870 AU-53 (PCGS). Brilliant . 2,895

1877-S EF-40 (PCGS). Brilliant . 695

1879- S AU-53 (PCGS). Brilliant . 395

1880- S MS-61 (NGC). Brilliant . 395

1881- S MS-60 (NGC). Brilliant . 289

1882 AU-58 (PCGS) . 310

1883-CC VF-35 (PCGS). Pedigreed to the Bass col¬
lection, a nice connection . 695

Choice Uncirculated 1887-S $10

1887- S MS-63 (PCGS). Lustrous and satiny with a

hint of rose iridescence on both sides . 2,995

1888- S AU-55 (PCGS). Lustrous . 395

1889- S MS-62 (NGC). Brilliant . 595

1890- CC AU-58 (PCGS). Brilliant . 1,650

Choice Mint State 1892 Eagle

1892 MS-63 (NGC). Intensely lustrous and moder¬
ately prooflike with attractive cameo contrast. 1,625

1892-CC AU-55 (PCGS). Brilliant . 950

1892-0 MS-62 (PCGS). Brilliant . 2,495

1893 MS-60 (PCGS) . 329

1894 MS-63 (ICG). Brilliant . 675

1894 MS-63 (PCGS). Brilliant . 675

1898 MS-63 (PCGS) Lovely satiny surfaces. ... 925

1898 MS-61 (PCGS) . 329

1899 MS-61 (PCGS). Brilliant . 289

1900 MS-62 (PCGS). Brilliant . 475

1900- S MS-61 (NGC). Lustrous satiny surfaces ex¬
hibit attractive olive iridescence . 1,195

1901 MS-63 (PCGS). Brilliant . 650

1901 MS-62 (NGC). Brilliant . 350

1901- S MS-63 (NGC). Brilliant . 750

1901- S MS-63 (PCGS). Brilliant . 750

Choice Uncirculated 1902-S Eagle

1902- S MS-64 (PCGS). Brilliant and lustrous. 1,795

1903- 0 MS-62 (PCGS). Lustrous . 675

1904- 0 AU-58 (NGC). Brilliant . 395

1905- S AU-58 (PCGS). Brilliant . 695

1906- D MS-62 (PCGS). Brilliant . 475

1906-D AU-58 (PCGS). Brilliant . 350

1906-S MS-61 (NGC). Brilliant . 595

1907 Liberty. MS-63 (PCGS). Brilliant . 650

1907 Liberty. MS-62 (PCGS). Brilliant . 365

Lovely and Choice With Motto 1908 $10

1908 Indian. With Motto. MS-63 (PCGS). Brilliant

and attractive . 1,525

1909-D AU-55 (PCGS). Brilliant . 519

1909- S AU-58 (NGC). Brilliant . 595

1910- S AU-58 (NGC). Brilliant . 665

1911 MS-63 (PCGS). Brilliant . 775

1911 MS-62 (NGC). Brilliant . 650

1911- D EF-45 (PCGS). Brilliant . 795

1911- S AU-53 (NGC). Brilliant . 635

1912- S MS-62 (PCGS). Brilliant . 1,295

1913 MS-62 (PCGS). Brilliant . 650

Lustrous 1914-D Eagle

1914-D MS-63 (PCGS). Brilliant, lustrous, and

beautiful . 1,650

1926 MS-64 (NGC). Brilliant . 1,095

1926 MS-64 (PCGS). Brilliant with intense cartwheel
lustre. A satiny Indian eagle with the overall appeal

of a higher grade . 1,095

1926 MS-63 (PCGS). Brilliant . 595

1926 MS-62 (PCGS). Brilliant . 465

1932 MS-65 (PCGS). Brilliant . 2,995

Lovely 1932 Eagle

1932 MS-64 (PCGS). Brilliant . .*. 1,050

1932 MS-62 (PCGS). Brilliant . 465

Lovely 1932 Eagle

1932 MS-64 (PCGS). Brilliant . .*. 1,050

1932 MS-62 (PCGS). Brilliant . 465

$20 GOLD DOUBLE
EAGLES

A beautiful selection of gold double eagles is offered

for your collecting satisfaction.

1858-S EF-40 (NGC). Brilliant . 995

1868- S AU-50 (PCGS). Brilliant . 1,450

1869- S AU-50 (ICG). Brilliant . 1,085

1876-CC AU-50 (PCGS) . 1,095

1877 AU-58 (PCGS). Brilliant . 750

1878 MS-61 (PCGS). Brilliant . 795

1878- S AU-58 (ANACS). Brilliant . 795

1879 MS-60 (ANACS). Brilliant and lustrous. 1,150
1879 AU-58 (ANACS). Brilliant and lustrous. 795

1879- S MS-60 (NGC). Brilliant . 1,395

1879-S AU-58. Brilliant . 850

1881-S AU-58 (NGC). Brilliant . 825

1883-CC EF-45 (PCGS). Brilliant . 895

Lovely 1883-S MS-63 Double Eagle

1883- S MS-63 (PCGS). Lovely. Over the years we

have handled very few equivalent pieces. A find for
the specialist . 4,950

1884- CC AU-50 (PCGS). Pedigree to the Rainy Day

collection . 1,095

1885- S AU-58 (PCGS). Lustrous . 635

1889 AU-53 (PCGS). Brilliant . 595

1889- S MS-60 (NGC). Brilliant . 725

1890 AU-58 (PCGS). Brilliant . 575

1890- CC AU-53 (PCGS). Brilliant . 1,295

1892-S MS-61 (PCGS). Highly lustrous with proof¬
like fields, particularly on the reverse (which is con¬
siderably finer than the assigned grade) . 695

1892- S AU-58 (PCGS). Brilliant . 650

1893- CC EF-40 (NGC). Brilliant . 795

1894 MS-62 (PCGS). Brilliant . 575

1895 MS-61 (PCGS). Brilliant . 495

1896 MS-63 (PCGS). Brilliant . 1,195

1896- S MS-63 (PCGS). Brilliant . 1,650

MS-63 1897-S Double Eagle

1897- S MS-63 (ICG). Brilliant . 1,695

Lustrous 1898-S Double Eagle

1898- S MS-63 (ICG). Brilliant . 1,095

1898-S MS-63 (NGC). Brilliant . 1,095

1898-S MS-61 (ICG). Brilliant . 495

1898- S MS-61 (PCGS). Brilliant . 495

1899- S MS-62 (PCGS). Brilliant . 575

1900 MS-64 (ICG). Brilliant . 1,295

1900 MS-60 (NGC). Brilliant . 479

1900- S MS-62 (PCGS). Brilliant . 575

1902-S AU-58 (PCGS). Brilliant . 449

1903 MS-63 (PCGS). Brilliant . 679

1904 MS-63 (NGC). Brilliant . 615

1904 MS-63 (PCGS). Brilliant . 615

1904-S MS-64 (NGC). Brilliant . 1,095

1904-S MS-62 (NGC). Brilliant . 695

1906 MS-61 (PCGS). Brilliant . 750

1906 AU-58 (NGC). Brilliant . 545

Gem MCMVII High Relief $20
MCMVII (1907) High Relief. MS-65 (PCGS).
Brilliant . 32,950

Famous MCMVTI High Relief $20
MCMVII (1907) High Relief. MS-60 (NGC). A
lovely specimen of this famous rarity, an American
classic from die day it was minted . 8,895

AU-58 MCMVII High Relief $20
MCMVII (1907) High Relief. AU-58 (PCGS). A
wonderful example of this beautiful and rare is¬
sue . 8,395

1907 MS-63 (NGC). Brilliant . 895

1907 MS-62 (PCGS). Brilliant . 595

1907-D MS-65 (PCGS). Brilliant . 4,695

1909 AU-58 ({PCGS). Brilliant . 795

1909- D AU-55 (NGC). Brilliant . 895

1910- S MS-63 (NGC). Brilliant . 750

1911 AU-55 (PCGS) . 719

1911- S MS-63 (NGC). Brilliant . 575

1914-S MS-64 (PCGS). Brilliant. As these words are

being written, we are distributing a small cache of
1914-S double eagles, but they won’tlast long! Or¬
der one for . 695

1914-S MS-63 (NGC). Brilliant . 575

1914-S MS-63 (PCGS). Brilliant. We have over a
dozen specimens on hand right now, but they are
bound to sell quickly! Order one, check the qual¬
ity, and you’ll come back for more! . 575

1914- S MS-62 (PCGS). Brilliant . 525

1915 AU-58. Brilliant . 595

1915- S MS-64 (NGC). Brilliant . 695

1915-S MS-64 (PCGS). Brilliant. Lucky us! Lucky

you! We bought a small hoard of these beautiful

coins. While they last, buy one for . 695

1915-S MS-63 (NGC). Brilliant . 575

1915-S MS-63 (PCGS). Brilliant. Going fast! While
they last, order one for . 575

Famous and Rare 1921 $20
1921 MS-61 (NGC). Brilliant and lustrous. A
splendid specimen that offers high rarity and a
great amount of eye appeal. The 1921 is a land¬
mark among Saint-Gaudens double eagles.
Usually, this is one of the last pieces to be ac¬
quired in a set, simply because even the most
well-moneyed buyers hold out the hope that
they will find a gem, then settle on an AU or
whatever else can be found. The total popula¬
tion of this date is very low, perhaps under 100
pieces. Even this estimate may be high. In 1982,
David W. Akers suggested 40 to 50 pieces. Cer¬
tification data are not particularly useful due to

resubmissions . 43,500

For the record: This specimen, certified by NGC
(550886-001), has a die break on the reverse at the
left, beginning below the eagle’s beak, extending up¬
ward through the beak, into UN (UNITED). An¬
other crack extends through the top of TW
(TWENTY) and left side of E upward to the right

through STAT (STATES).

1922 MS-64 (PCGS). Brilliant . 695

1922 MS-63 (NGC). Brilliant . 575

1922 MS-63 (PCGS). Brilliant . 575

1922 MS-62 (PCGS). Brilliant . 525

1922 MS-61 (PCGS). Brilliant . 519

1923 MS-63 (PCGS). Brilliant . 575

High-Grade 1924 Double Eagle

1924 MS-67 (NGC). Brilliant. We have seen very few

1924 $20s at this elegant grade level . 9,650

1924 MS-66 (PCGS). Brilliant . 1,895

1924 MS-65 (NGC). Brilliant . 995

1924 MS-64 (PCGS). Brilliant . 695

1924 MS-63 (NGC). Brilliant . 575

1924 MS-63 (PCGS). Brilliant . 575

1924 MS-62 (PCGS). Brilliant . 525

1925 MS-63 (PCGS). Brilliant . 575

1925 MS-62 (PCGS). Brilliant . 525

Lovely 1925-S Double Eagle
1925-S AU-58 (NGC). Brilliant. One of the well-
known key issues of the 1 920s. Lustrous and attrac¬
tive, a very nice coin! . 2,850

1926 MS-64 (NGC). Brilliant . 695

1926 MS-64 (PCGS). Brilliant . 695

1927 MS-65 (NGC). Brilliant . 1,095

1927 MS-65 (PCGS). Brilliant. A lustrous gem that

would look great in a high-grade type set! . 1,095
1927 MS-64. Brilliant. Lustrous, attractive. 695

1927 MS-63 (PCGS). Brilliant . 575

1928 MS-65 (PCGS). Brilliant . 995

1928 MS-64 (NGC). Brilliant . 69r

1928 MS-63 (NGC). Brilliant . 575

This and That

SO, MOST PEOPLE who live in mobile homes are CPAs? Or so it would seem, from this
question in the Census 2000 Long Form: “No. 53. Answer only if this is a mobile home, (a.)
Do you have an installment or contract on this mobile home? (b.) What was the total cost for
installment loan payments, personal property taxes, site rent, registration fees, and license

fees on this mobile home and its site last year?...”

• • •

UNIVERSITY-LIKE: “TheAmerican Numismatic Association has a long history of producing
some of the finest numismatists the hobby has known.” (Steve Bobbitt, ANA publicity director,

on the subject of having interns work at ANA Headquarters during the summer)

• • •

FROM RALPH O. FRITTS: “I enjoy your ‘This and That’ column as well as your other features.
Here’s a contribution alongthat line: In a recent (4-9-2000) ‘Ask Marilyn’ feature of Parade Magazine
the question was asked: ‘What is the significance of the sum $187.91?’ The answer was of
numismatic interest. It is the sum of one each of all the U.S. currency and coins now being produced,
bills of $100, $50, $20, $10, $5, $1, plus coins of $1, 50C, 25C, 10C, 5C and 1C.”

8

The Coin Collector M' June 12v 2000

Books for Sale

Special Discount Prices-
This Week’s Book Specials

No further discounts apply.

Prices do not include shipping and handling.

Handbook of 20th-Century
United States Gold Coins

by David Akers

Gold Coins of the Charlotte Mint

by Douglas Winter

"kite* Sfifosg

Much worthwhile information about
Saint-Gaudens and Pratt gold coins $2.50
through $20. 184 pages, illustrated.

Hardbound. Stock No. BAK-749. List
price $19.95.

Special Net $15.95

United States Gold Coins
An Illustrated History

by Q. David Bornrs

A new edition based on research Doug
Winter has done since the first edition was
published. Mintage, rarity ratings, strike
information, surfaces, lustre, die varieties,
and more. 220 pages, illustrated.

Hardbound. Stock No. BWI-819. List
price $35.00.

Special Net $28.00

United States Gold Coins

Ad Hfetory

By Q, Bcwcrs

The definitive work on American gold
coins. When Secretary of the Treasury James
Baker wanted to know about gold coins, he
consulted this book. 415 pages, illustrated
Hardbound. Stock No. BBM-135. List
price $57.95.

Special Net $46. 95

Everybody loves a discount,
and if you are a book buyer, you
have come to the right place. Pick
out the titles you want, and no
matter what the size of your or¬
der, take a 10% discount off the
top! Or, if your order totals $100
or more list prices— not hard to do
with all of the good titles we offer-
take a generous 20% discount! This
isourway ofhelpingyou buildyour
library, helping you gain knowl¬
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matics. Each and every book is
guaranteed to please you 1 00%, or
it can be returned within 30 days of
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Stock No.

BAN-212

Title

America’s Gold Coinage (hrdbd)

Reuil Price/Copy
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America’s Large Cent (hrdbd)

25.00

BDO-500

America’s Money — America’s Story (sftbd)

3335

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America's Silver Coinage: 1794-1891 (hrdbd)

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America’s Silver Dollars (hrdbd)

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American Coin Treasures and Hoards (hrdbd)

59.95

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ANA Centennial History, The (2 Volumes, hrdbd)

159.00

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American Numismatic Association Anthology (hrdbd)

551)0

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American Numismatics Before the Civil War 1760-1860 (hrdbd)

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BBM-309

Basic Guide to U.S. Commemorative Coins (sftbd)

F335

BWE-825

Best of the Washington Quarter Doubled Die Varieties, The (spiralbd)

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Bowers and Merena’s “Little Editions”

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BSO-752

Buyer’s and Enthusiast’s Guide to Flying Eagle and Indian Cents (sftbd)

?5XfO

BfiM-350/351

Buyer’s Guide to U.S. Gold Coins (sftbd) (hrdbd)

12.95/19.95

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Buyers’ Guide to Silver Dollars and Trade Dollars of the United States (sftbd)

19.95

BFI-114

Cherrypickers’ Pocket Guide, Top 150 (spiralbd)

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BTE-800

Coin Lore: The Collected Essays (sftbd)

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BAN-214

Coinage of the American Confederation Period (hrdbd)

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BBM-401

Collecting Coins and Making Money: A Peek at the 19th Century (sftbd)

29.95

BBM-308/308a

Commemorative Coins of the U.S.: A Complete Encyclopedia (sftbd)/ (hrdbd)

39.95/49.95

BLA-109

Complete Guide to Franklin Half Dollars, The (sftbd)

19.95

BGR-222

Complete Guide to Liberty Seated Half Dimes, The (sftbd)

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BLA-107

Complete Guide to Lincoln Cents, The (sftbd)

43.95

BVA-710

Comprehensive Catalog and Encyclopedia of Morgan and Peace Dollars

79.95

BCR-271

Early Coins of America (hrdbd)

45.00

BOV-100

Early Half Dollar Die Varieties 1794-1836 (hrdbd)

59.95

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Early Paper Money of America (hrdbd)

75.00

BBM-802

Encyclopedia of Automatic Musical Instruments (hrdbd)

89.95

BSW-742

Encyclopedia of U.S. Silver & Gold Commemorative Coins 1892-1989 (sftbd)

29.95

BRL-100

Federal Half Dimes 1792-1837 (hrdbd)

75.00

BFI-115

Hvaz, Bill, Counterfeit Detection Guide (spiralbd)

10.00

BGO-300

Gobrecht Journal, The: Collective Volume 4 — 1995 (hrdbd)

3335

6W1-819

Cold Coins of the Charlotte Mint 1838-1861

35.00

BWI-818

Gold Coins of the Dahlonega Mint 1838-1861 (sftbd)

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Handbook of 20th-Century U.S. Gold Coins (hrdbd)

19.95

BP1-120

Helpful Hints for Enjoying Coin Collecting (spiralbd)

15.95

BBM-130

History of United States Coinage, The (hrdbd)

59.95

BLA-85 1

Investing, Collecting, and Trading in Certified Commemoratives (sftbd)

2535

BWI-900

John Reich: A Numismatic Biography (sftbd)

12.95

BWI-202

Kennedy Half Dollar Book, The (spiralbd)

3000

BLE-440

Longacre's Two-Cent Piece — 1864 Attribution Guide (spiralbd)

2335

BBM-146A

Louis E. Eliasberg, Sr.: King of Coins (hrdbd)

62.50

BMA-600

Mason’s Stamp & Coin Collector’s Magazine (3 volumes)

2305

BRU-555

Medallic Portraits of Washington, The (hrdbd)

331)5

BMO-200

Money of the American Colonies and Confederation (hrdbd)

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BBM-145

Norweb Collection: An American Legacy, The (hrdbd)

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BBM-200

Numismatist’s Bedside Companion, The (sftbd)

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66M-207

Numismatist’s Countryside Companion, The (sftbd)

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BBM-208

Numismatist’s Downtown Companion, The (sftbd)

12.95

BBM-202

Numismatist’s Lakeside Companion, The (sftbd)

12.95

BBM-209

Numismatist’s Topside Companion, The (sftbd)

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BBM-210

Numismatist’s Traveling Companion, The (sftbd)

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BBM-206

Numismatist’s Weekend Companion, The (sftbd)

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Official Guide to Coin Grading and Counterfeit Detection (sftbd)

29.95

BFR-105

Paper Money of the United States (hrdbd)

35.00

BSH-100

Penny Whimsy (hrdbd)

50.00

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Photograde (sftbd)

10.95

BMT-100

Rare Coin Review 1969-1994: An Annotated Index of the First 100 Issues (sftbd)

19.95

BBM-407

Rare Silver Dollars Dated 1 804, The (hdbd)

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Scott Travers’ Top 88 Coins Over $100 (sftbd)

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The Smart Collector: United States Coin (sftbd)

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The Soho Mint & Industrialization of Money (hrdbd)

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Standard Catalog of U.S. Tokens 1700-1900 (sftbd)

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Standard Guide to the Lincoln Cent (sftbd)

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Standing Liberty Quarters (sftbd)

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The Token: America’s Other Money (hrdbd)

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Top 100 Morgan Dollar Varieties: The VAM Keys (Spiralbound/Leatherette)

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Treasure Ship S.S. Brother Jonathan, The (hrdbd)

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Treasure Hunting Liberty Head Nickels (spiralbd)

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BFL-302

Treasure Hunting Mercury Dimes (spiralbd)

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United States Clad Coinage, The (sftbd)

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United States Coins by Design Types (Action Guide) (sftbd)

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United States Copper Cents 1816-1857 (Hrdbd)

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United States Copper Coins (Action Guide) (sftbd)

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United States Gold Coins: An Illustrated History (hrdbd)

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BAD-724 '

United States Numismatic Literature, Volume 11 (hrdbd)

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BPO-lOO

United States Patterns and Related Issues (hrdbd)

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BSU-300

U.S. Error Note Encyclopedia (spiralbd)

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U.S. Three-cent and Five-cent Pieces (Action Guide) (sftbd)

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BBM-140

Virgil Brand: The Man and His Era, (del. hrdbd)

29.00

BBR-764

Walter Breen's Encyclopedia of U.S. and Colonial Coins (hrdbd)

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BWI-400

Washington Quarter Dollar Book (spiralbd)

13535

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Waterford Water Cure, The (hrdbd)

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